Noble Energy announced that it has signed an initial agreement to sell natural gas to Union Fenosa Gas’s (UFG) existing gas liquefaction facilities in Egypt for the next 15 years
Exploration
Jacka Resources signs another farmout deal with Sterling Energy in Somaliland
Jacka Resources Somaliland Limited (JRSL) has signed a second farmout agreement with Sterling Energy (East Africa) Limited for the Odewayne Block located onshore Somaliland
Nigeria’s Transcorp and NNPC sign production sharing deal
Transnational Corporation of Nigeria (Transcorp) and the Nigerian National Petroleum Corporation (NNPC) have signed a contract for the exploration and production of Oil Prospecting Lease (OPL) 281
South Africa oil and gas sector to witness growth
South Africas oil and gas sector is set for growth as an upsurge in exploration and the increasing offshore prospects point towards considerable potential for its long-term upstream prospects, a study has suggested
Shell’s divestment plans delayed due to polls in Nigeria
Shell’s divestment plan in Nigeria may take longer than expected, with an election in February likely to complicate the sales process and cause delay of upto a year
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